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Nov 20, 2012
11/12
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. >> an insurance policy against the fiscal cliff? they are trying to do a stop gap? they will embark on monetary policy to plug the gap. >> they're going to treat the expiration of twist perhaps as a mild tightening of financial conditions if they don't do more. in some sense they are hostage to the treasury market. if you look at markets and how they are behaving to me it's not a rate story. it's a lack of confidence. in many ways the fed has indirectly hurt confidence by some of the actions. it doesn't matter. they will still pursue more qe. >> i think the radical view at the beginning of the year would be the more the fed does the more growth slows. that was my view and radical can be right. do you think more of more of more is even slower growth? do you think you could drop to half a percent growth by 2013 or not? >> look, if you have a big commodity move, yes. qe-2 hurt growth. i think the fed has been remiss in not admitting that, taking any responsibility. they look at qe as, through the i prism of improving financial conditions. equities went through septembe
. >> an insurance policy against the fiscal cliff? they are trying to do a stop gap? they will embark on monetary policy to plug the gap. >> they're going to treat the expiration of twist perhaps as a mild tightening of financial conditions if they don't do more. in some sense they are hostage to the treasury market. if you look at markets and how they are behaving to me it's not a rate story. it's a lack of confidence. in many ways the fed has indirectly hurt confidence by some of...
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Oct 26, 2012
10/12
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the washington post reporting today that fears over the fiscal cliff may have already wiped out nearly 1 million jobs. already, folks, this year alone. >>> let's take a look at what's happening with regards to the weather because the entire east coast is on edge right now. we are waiting to see exactly where and when hurricane sandy will hit. so let's bring in the president and ceo of generac. he's on the phone now. what are you seeing in terms of demand for your product now? >> demand is really just off the charts right now. as you would expect in a major event like this, the big focus that we have is shipping our products that we have in our warehouses and in other parts of the country to the east coast as fast as we can. >> i'm actually hearing from people around me that they're having difficulty finding generators. they go to stores and they're currently sold out. do you have enough supply to meet the expected demand, sir? >> well, whenever you get an event of this magnitude if this does develop into the kind of storm that they are talking about, unfortunately, there just probably
the washington post reporting today that fears over the fiscal cliff may have already wiped out nearly 1 million jobs. already, folks, this year alone. >>> let's take a look at what's happening with regards to the weather because the entire east coast is on edge right now. we are waiting to see exactly where and when hurricane sandy will hit. so let's bring in the president and ceo of generac. he's on the phone now. what are you seeing in terms of demand for your product now? >>...
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Nov 9, 2012
11/12
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keep an eye on the ratings. >> it's not just about the fiscal cliff after all. thanks, ben. heading toward the close. we are sharply unchanged as we
keep an eye on the ratings. >> it's not just about the fiscal cliff after all. thanks, ben. heading toward the close. we are sharply unchanged as we
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Dec 2, 2012
12/12
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FOXNEWSW
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it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office call
it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox...
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Dec 11, 2012
12/12
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FBC
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speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our clients can get mortgages. our buyers tend to put a lot more money down. they mortgage a lot less, very high credit ratings. we are not seeing that problem at all. lower price point a little bit of a problem but it is getting better. liz: when you look at parts of the business that have done well. the analyst has taken a bit of a back seat to the actual lending business creating a cash cow for a lot of you guys. how is that doing and we understand the margins are very healthy for a lot of these names that are out there? >> our service is toll brothers, the only c
speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our...
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Dec 5, 2012
12/12
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president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >> whow does taxing the rich hep the poor rise above poverty and get a job? let's talk to larry elder. he is the author of the great book, "dear father dear son". welcome back. how does taxing successful wealthy people help the poor get out of poverty. well for people who think like i think it doesn't make any sense. but understand something, that is not what this is all about. t
president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best...
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Aug 2, 2012
08/12
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michael you think interest rates will spike if they don't address the fiscal cliff. >> that's right, it's a ticking time bomb, and it's going to happen. we have an adjustable rate mortgage on our debt and it will reveal the invalolinsolvency of nation. we have 16 trillion in gross national debt, and it's growing by $ 1 trillion ever year. that's 50% of our revenue. >> and you're not hearing any lip on the issue unfurniturely in washington. >> bill, let me ask you about investing today, ho u are you allocating capital? >> i'm certainly not hoping for a weak job's numbers that will make qe 3 come sooner. we need job creation. right before the 4:00 bell we were talking about stagnant growth since 2007. we can talk all day about how we're going to get there, that is the nub, but to hope that we have a bad jobs number so we get more adrenaline of drugs into the market is ridiculous. >> okay, so how are you investing then? >> i think investing right now is looking at situations where you can grow margins and grow earnings with nominal top line. we're looking at areas like reits, airlines,
michael you think interest rates will spike if they don't address the fiscal cliff. >> that's right, it's a ticking time bomb, and it's going to happen. we have an adjustable rate mortgage on our debt and it will reveal the invalolinsolvency of nation. we have 16 trillion in gross national debt, and it's growing by $ 1 trillion ever year. that's 50% of our revenue. >> and you're not hearing any lip on the issue unfurniturely in washington. >> bill, let me ask you about...
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Dec 2, 2012
12/12
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especially if really things settle down in the fiscal cliff debate. >> this is countertrench rate. if you are doing a spread you want it to be a spread. the second thing is you don't want to risk a lot to make a little bit. mike is not doing that. he has almost a coin flip which is what you want to do. again, a counter trend trade. >> one more time here on the stocks versus options button. that could be priceless, as in you could lose all your money. shorting any stock carries unlimited risk. mike's call spread sale can make money and defines the risk to just $300. not bad. our thanks as always to carter braxton worth. got a question send us a tweet. the address is @cnbcoptions. we'll answer it in our web extra right after the show on our website you'll find trade updates and great trader blogs, as well. >>> coming up next which of these stocks do options traders see you paying a special dividend? scott nations will name names. here is what else is coming up. >>> you can call him an apple genius. mike's trade made money whether the stock went up, down or nowhere at all. how did he
especially if really things settle down in the fiscal cliff debate. >> this is countertrench rate. if you are doing a spread you want it to be a spread. the second thing is you don't want to risk a lot to make a little bit. mike is not doing that. he has almost a coin flip which is what you want to do. again, a counter trend trade. >> one more time here on the stocks versus options button. that could be priceless, as in you could lose all your money. shorting any stock carries...
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Nov 29, 2012
11/12
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CNBC
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he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came out with very dovish comments. he lass a permanent vote and he is quite the confidant of ben bernanke. so he flat-out gave a wink-wink, there's something big coming in less than two weeks. >> he's been a dove for a long time though. no change but just to hear it articulated gives you some sense of -- >> it does. this could be a one-two punch. if the fomc comes out with additional measures, subsequent week later, all of a sudden they have the fiscal cliff resolution, bam, we c
he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve,...
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Nov 9, 2012
11/12
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i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be best to actually go over the fiscal cliff for a variety of tactical and ideological reasons but most folks in washington, sort of where the center of gravity is politically, they think the fiscal cliff is a bad idea and they don't need necessarily another report from cbo to underscore that for them. i think what we're seeing now is this opening from boehner and i think it is probably easier now for barack obama to give up on the raising rates idea as long as he's getting more revenue from the republicans. that's probably something that is easier for the president to do in this case than it is for boehner
i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be...
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Nov 7, 2012
11/12
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just now a race against the clock to head off the fiscal cliff. already two ratings agencies have wasted no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been prop
just now a race against the clock to head off the fiscal cliff. already two ratings agencies have wasted no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points....
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Nov 14, 2012
11/12
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somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we have a lack of confidence. they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustain
somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we...
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Nov 16, 2012
11/12
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cliff to have better bargaining power? >> yes. >> dan? >> yes. >> okay. >> also, let's not forget several prominent democrats want the president to go over the cliff, so to speak, to improve the bargain. >> well, that's a bargaining argument, i would think, at some point. joe, why are you optimistic? >> first of all, this has become a battle of semantics rather than actual facts. both parties have agreed there needs to be increased revenues. as soon as that gets said, it's very clear. increased revenues means higher taxes in some form. either reduce spending or higher taxes. >> but grover norquist spun that a while ago. i asked that very question. he said, you can also raise revenue by growing the economy. >> grover norquist was very clear in saying that increasing revenues would not be something that he wouldn't care about. he does not want higher tax revenues. >> joe, what do you tell your clients? saying what the final deal is going to look like is basically like trying to predict the weather in march 2014. we don't kno
cliff to have better bargaining power? >> yes. >> dan? >> yes. >> okay. >> also, let's not forget several prominent democrats want the president to go over the cliff, so to speak, to improve the bargain. >> well, that's a bargaining argument, i would think, at some point. joe, why are you optimistic? >> first of all, this has become a battle of semantics rather than actual facts. both parties have agreed there needs to be increased revenues. as soon as...
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Nov 10, 2012
11/12
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CNN
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. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it seems the gap between the two sides is as big as ever, doesn't it? did the election not change anything?
. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's...
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Dec 21, 2012
12/12
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the problem, though, is that the economy sill is vulnerable to the fiscal cliff. tax rates are going to jump significantly on january 1st if nothing is done quickly and that would cause, we think if it lasted, a contraction in the first quarter. >> so contraction in the first quarter. are you speccing a recession? >> we are not. we still think some deal will be reached in the next couple of weeks. and that scenario we think is going to grow 1.5% to 2 the% in the next year. but the risk of no deal is obviously rising. we still think hal happen, though. rick santelli, what r saying there in chicago? the market was down, but the volume was up big. >> maria, like i think the first guest, i would rather impressed by the fact that we're down 119 and we're done much more in the wee hours of the morning after that vote failed and the i was as shock as all of guests were. next year, it's going to be the same. no matter how this fiscal cliff gets resolved, we would be job challenged. and i continue to think a bright spot is going to be energy. i think energy is an industry
the problem, though, is that the economy sill is vulnerable to the fiscal cliff. tax rates are going to jump significantly on january 1st if nothing is done quickly and that would cause, we think if it lasted, a contraction in the first quarter. >> so contraction in the first quarter. are you speccing a recession? >> we are not. we still think some deal will be reached in the next couple of weeks. and that scenario we think is going to grow 1.5% to 2 the% in the next year. but the...
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Nov 28, 2012
11/12
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FOXNEWSW
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>>neil: so you are not in the patty murray camp who says, maybe risk fiscal cliff situation where you just blow past the deadline and everything, the cuts go in effect, the rates become idea, and then you can put together a deal that makes more sense, in this case for the democrats' liking. >>guest: i understand that viewpoint and there will be people on both sides that will say let the bad stuff go in effect and that will put pressure on everyone. that is another alternative. but the risk there is the economy goes back into another recession, the storm market falls and you get real problems so that, to me, that is a pretty big risk to take. >>neil: thank you, dick gephardt. >> remember the white house warning that you don't get progress on the cliff, you are going to see less spending in the fors. a life jet maker did not get that memo because it sent up a storm. >> we are coming to you from sunny los angeles, at lax, and private aviation is booming. europe is announcing, did you see this, of course, vistajet, sit down, now, get a led of this, an $8 billion deal to buy 56 jets, optio
>>neil: so you are not in the patty murray camp who says, maybe risk fiscal cliff situation where you just blow past the deadline and everything, the cuts go in effect, the rates become idea, and then you can put together a deal that makes more sense, in this case for the democrats' liking. >>guest: i understand that viewpoint and there will be people on both sides that will say let the bad stuff go in effect and that will put pressure on everyone. that is another alternative. but...
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Nov 26, 2012
11/12
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also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we saw the rising cost of oil. david: we're about to see a lot of activity. also expected to see, for example, cases in which people who have been giving out dividends thinking of increasing dividends are buying back their stock instead because the tax penalty for that is a lot less than what it could be. liz: you are seeing the stock altered, shares ending lower. on the floor of the new york stock exchange, some of this obviously they did not go to enough of the movie. nicole: the five day weekend is actually a box office winner. record-setting winner. $290 million. you know what did not participate in
also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we...
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Dec 4, 2012
12/12
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CNNW
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cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics because politically, you know, the polls all are very consistent. the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise that debt ceiling so the u.s. doesn't go into default. tha
cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they...
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Oct 11, 2012
10/12
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it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious. maybe the ideas that would have to be put forward will be unattractive to some people. obviously we're in a position where new discipline is going to have to be imposed. people are going to be disappointed in the consequence. >> they worship the god of re-election. they're figuring that out and how to duck every hot issue before november 6th. then erskine says the whirlpool of $7 trillion is going to hit us like a rainstorm. >> people are never going to understand how critical this particular time in history is
it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it...
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Dec 8, 2012
12/12
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no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, boehner got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if he's serious, to come back to us with a counteroffer. >> not a
no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a...
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Nov 8, 2012
11/12
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on the fiscal cliff before the end of the year, the rating will go down. there's a 50% chance the u.s. will go over that so-called cliff. the good news is their base scenario is there will be an agreement before the ends of the year. that's what we've got so far, guys. back to you. >> all right, mandy. thanks so much. >> 15%. that's not so bad. you're hearing that talk more now since the re-election of the president. a few agencies have come out now and said there's maybe a little higher chance of us going over the fiscal cliff. still, 15%, i'd take those odds. >> there are some people who say, go over the fiscal cliff. some people feel we should because that will sort of spring everybody into action. >> and reduce the deficit that continues to rise. >> exactly. but the issue is that this uncertainty, until we know where tax rates are going to be, why would you make real plans in terms of your budget if you're a large corporation or small corporation, in terms of hiring plans? you have no idea. >> a few companies -- and we may see this more in the coming d
on the fiscal cliff before the end of the year, the rating will go down. there's a 50% chance the u.s. will go over that so-called cliff. the good news is their base scenario is there will be an agreement before the ends of the year. that's what we've got so far, guys. back to you. >> all right, mandy. thanks so much. >> 15%. that's not so bad. you're hearing that talk more now since the re-election of the president. a few agencies have come out now and said there's maybe a little...
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Aug 2, 2012
08/12
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>> off a fiscal cliff. that would make it worse. maybe it drops from 12. >> miles nadal is here. >> it's like whether -- what if bond rates get cut in half. does it matter at this point from 1.4%? >> i think actually i asked a bunch of hedge fund guys yesterday, and they are marginally, marginally more confident. >> a little bit more because it's together. >> it's been so bad for so long, that people are starting to see. there's been some amounts of formation positive. housing. first july was positive. >> i think the whole -- >> i think also -- i'll tell you one statistic that was interesting. one guy that has a fund of hedge funds in credit, 90% cash. >> we saw louis bacon getting out of the market. if you're a retail investors -- we say there's no more anymonth more. to to the extent you believe in the future to come back, and we want the economy to build, i think that's the ultimate cost. >> i mean after the first flash crash after then the bats and then after last bupt not least facebook. what does scare me now about it, is face
>> off a fiscal cliff. that would make it worse. maybe it drops from 12. >> miles nadal is here. >> it's like whether -- what if bond rates get cut in half. does it matter at this point from 1.4%? >> i think actually i asked a bunch of hedge fund guys yesterday, and they are marginally, marginally more confident. >> a little bit more because it's together. >> it's been so bad for so long, that people are starting to see. there's been some amounts of formation...
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Nov 12, 2012
11/12
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how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money outside of the u.s. because of these issues in the u.s.? >> well, taking a look at some of the large global players here in the u.s. and outside, because as tax rates go up here in the united states, what we're about to see is probably the laugher curve in reverse. tax rates going up, revenues declining, creating a headwind for gdp. we're look at companies in the world for looking for global growth opportunity outside our borders. >> mark, let me get your standpoint on this. all year all we've been hearing about are dividend payers. why? because the yield -- there's no yield anywhere with rates where they ar
how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money...
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Dec 12, 2012
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the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead. >>> still ahead, a prominent republican now officially a democrat. we'll take a closer look at why former florida governor charlie crist left the gop behind. he'll join us to talk about that. >>> and the hit reality show "storage wars," by the way, i love that show. is it fake? what one star is saying. say it ain't so. that in a moment. mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-selt
the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead....
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Dec 13, 2012
12/12
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federal raise rates which is also fiscal tightening. so we have three options, tightening, tightening or tightening. >> well i tend to think that near term prospects of things getting so good that the fed would raise rates is pretty remote. though i do agree with steve's statement. that statement yesterday introduced a whole new level of ambiguity. and while i don't understand is, where did the -- where did their commitment to 2015 go? you may -- they make decisions -- >> the tendency projection between 6 and 8% in 2015 so they just swap one number for the other. >> i understand. but the thing is, if the feds, if dr. bernanke's policy is one that encourages more transparency from the fed and they are going to use this means of communication, then have you to be consistent. the minute we aren't consistent on that -- >> back to the original question, what does it maeb ean terms of prediction for 2013? >> don't ignore her. >> i am not used to being ignored. >> really, tie it all in. >> basically when you are facing a world -- let me back u
federal raise rates which is also fiscal tightening. so we have three options, tightening, tightening or tightening. >> well i tend to think that near term prospects of things getting so good that the fed would raise rates is pretty remote. though i do agree with steve's statement. that statement yesterday introduced a whole new level of ambiguity. and while i don't understand is, where did the -- where did their commitment to 2015 go? you may -- they make decisions -- >> the...
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Jul 6, 2012
07/12
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cliff. all of these things happening over us that are waiting to be resolved to they can put this hard earned cash back to work again. >> referee: let me say two things, there is no such thing as cash on the sidelines, sash is always invested in something, and it has to come out of something to go into equities. >> unless it's cash accounts or fixed income. >> i would add that the kpan on balance sheets, this is going on for 30 years now. it's not to say that all of a sudden because of recent uncertainty companies are sitting on bigger piles than normal. >> it's easy to get bogged down and sidetracked by the negative headlines and think that things are terrible, and i was speaking with a trader that said year to date the s&p is up 7% and most people are happy with that, so take your money and run. >> very quickly. >> very, very quickly. >> if we have a 100 point rally, the return over the last three years will be more than 7% which is right in line with the historical average. >> thank you a
cliff. all of these things happening over us that are waiting to be resolved to they can put this hard earned cash back to work again. >> referee: let me say two things, there is no such thing as cash on the sidelines, sash is always invested in something, and it has to come out of something to go into equities. >> unless it's cash accounts or fixed income. >> i would add that the kpan on balance sheets, this is going on for 30 years now. it's not to say that all of a sudden...
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Nov 8, 2012
11/12
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the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more importantly the retailers know it. so with 46 days before the big day -- no pressure here -- walmart is launching a strike on the american consumer. black friday will start thanksgiving thursday. courtney reagan starts our coverage. so no lingering over the pumpkin pie. >> no time for that, sue. back friday's just 15 days away. retailers are already trying to one-up each other kicking offer the holiday shopping event even earlier. walmart will begin its black friday door busters at 8:00 p.m. thursday with a full week of savings to follow. the full event begins at 10:00 p.m. world's largest r
the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more...
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Dec 10, 2012
12/12
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WBAL
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so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out indicating who would get the blame if you do go over the cliff. squarely against the republicans. they would more likely get the blame. that's what you heard as bob pointed out from senator durbin as well, that they would own the recession that would follow. >> i don't know how that ends up playing out. but i think when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier right now at the white house than they were a year and a half ago when they were doing this. they really believe they have set out, we're not going to n
so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out...
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Dec 8, 2012
12/12
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president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get the debt under control. taxes will not control our debt. >> both sides of the issue. i'm jamie colby, back to cavuto on fox business, only on the fox news channel. >> what's the deal with the guy wearing sunglasses and saying nothing? >> and all over again in michigan, protesting the right to work bill. the scene almost identical to wisconsin last year and that state's battle over collective bargaining and then, what's going on? >> and i think it's always tough for unions to admit they've lost allure. i'm a union man and i know charlie is very fond of unions. we love unions, but we want people to have the right t
president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get...
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Nov 7, 2012
11/12
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our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we had much to do and look forward to he said we are not as partisan as the campaign made it seem. now he has to prove it and so do the republicans a little more than an hour ago on this show, gop house speaker john boehner laid out the parameters for a deal, tax reform for more revenues but the devil, of course is in the details and both sides will have to bend. as anyone on wall street will tell you can the best deals are the ones where both sides are a little something to be a little unhappy about. it is pastime to rise above the politics and lead. america will be watching. before we go, take a look at the day on wall street. it was a tough one actually, the dow jones industrial average ended down 312 points on the worry over increased taxes, worry over europe and, of course what comes next with president obama in the white house in ter
our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we had much to do and look forward to he said we are not as partisan as the campaign made it seem. now he has to prove it and so do the republicans a little more than an hour ago on this show, gop house speaker john boehner laid out the parameters...
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Nov 21, 2012
11/12
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. ♪ gerri: well, the irs issuing a warning that if congress does to address theg that if fiscal cliff and the alternative minimum tax passed tens of millions of us could be hit wit a vecry large tax bill. also might not want to be able to file much later, so expect major delays for that refund. a you with more, a co-founder. er i cannot get over this wholev story. st we have the fiscal cliff. part of that, but the irs is saying we're not going to changi our computer program because we really don't know what willor ce .really d't it could be chaos out there. ou >> they are expecting that theyh will sign a patch like they have fin every year, but -- a gerri: and that means the law goes back to what it has been of the past 12 months, and you don't have to pay that. t w many people would be on thes hook? ha will what it means?eople would b >> right now theree are about 4 million infected people, butfr that would go up to 30 some odd million people.on so 28 million people would now be thrust in. if you remember, this was going t be t back to 1969, 1970. to 155 people is what they wanted to
. ♪ gerri: well, the irs issuing a warning that if congress does to address theg that if fiscal cliff and the alternative minimum tax passed tens of millions of us could be hit wit a vecry large tax bill. also might not want to be able to file much later, so expect major delays for that refund. a you with more, a co-founder. er i cannot get over this wholev story. st we have the fiscal cliff. part of that, but the irs is saying we're not going to changi our computer program because we really...
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Sep 27, 2012
09/12
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while congress and the president ignore the looming fiscal cliff, the economy is worsening. you would not know it from the stock market. they're all up in the double digits today. greatly added by the massive stimulus. the worry, of course, is that at some point fundamentals matter. should you join stocks and not fight the fed. rather than investing on the fundmentals like earnings growth, jobs, economic growth. we know how that played out when we were so focused on clicks to the website rather than earnings. there was a time when etoys matched the market cap of toys "r" us. of course came the.com bust. most analysts are expecting a contraction in profits as corporations report the effects of a slowdown across the globe. no one is saying to bolt the stock market but make sure your eyes are wide open as we enter the third quarter reporting. before we take a look at the day on waul street, the dow jones settled at 13,485. nasdaq picked up 1 1/3%. research in motion soaring in the extended hours. the company reported a loss of 27 cents a share. it was a lot worse than the loss
while congress and the president ignore the looming fiscal cliff, the economy is worsening. you would not know it from the stock market. they're all up in the double digits today. greatly added by the massive stimulus. the worry, of course, is that at some point fundamentals matter. should you join stocks and not fight the fed. rather than investing on the fundmentals like earnings growth, jobs, economic growth. we know how that played out when we were so focused on clicks to the website rather...
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Dec 13, 2012
12/12
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if you need fixed income, run away from interest rate sensitive bonds. >> what about the fiscal cliff, you think we get a deal by the end of next week? we going to get a deal? >> i don't see a long-term deal. >> it's pretty easy to come to that conclusion, brian, given the fact that they have had 13 months to discuss this and think about it and now we're down to 18 days to deal with medicare, medicaid and defense spending, what, social security, taxes. what else can we throw into the bucket? >> yeah. you can just throwing more and more in. i think it's clear that they won't be able to come up with comprehensive reform in the next two weeks. >> then the question is how do you want to allocate capital? leo are where are you on that? >> i think it's clear. what we don't want to do is go into treasuries at 1.5% for ten years. >> that's what ed says. >> equities still clearly are a great choice, especially companies with great balance sheets. every day we hear clients talking about how bad the federal government balance sheet is, but corporate america has great balance sheets. there's a lo
if you need fixed income, run away from interest rate sensitive bonds. >> what about the fiscal cliff, you think we get a deal by the end of next week? we going to get a deal? >> i don't see a long-term deal. >> it's pretty easy to come to that conclusion, brian, given the fact that they have had 13 months to discuss this and think about it and now we're down to 18 days to deal with medicare, medicaid and defense spending, what, social security, taxes. what else can we throw...
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Dec 3, 2012
12/12
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>> chris: i'm chris walls wallace, 30 days and counting, until we go over the fiscal cliff. ♪ >> chris: the president is demanding higher tax rates. congressional republicans want deeper spending would you tell us and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we'll ask the two men at the center of the negotiations, where we really stand. for the president, treasury secretary timothy geithner, for the g.o.p., house speaker john boehner. geithner and boehner, only, on fox news sunday. >>> plus we have seen this movie before. the two parties edging closer and closer to the brink. we'll ask our sunday panel whether we'll get a happy ending for an economic disaster. >>> and our power player of the week, a young beauty queen has to make a tough choice, all, right now on fox news sunday. ♪ >> chris: and, hello again from fox news in washington. well, we had quite a day around here, friday. with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary geithner sche
>> chris: i'm chris walls wallace, 30 days and counting, until we go over the fiscal cliff. ♪ >> chris: the president is demanding higher tax rates. congressional republicans want deeper spending would you tell us and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we'll ask the two men at the center of the negotiations, where we really stand. for the president, treasury secretary timothy geithner, for the...
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Dec 5, 2012
12/12
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. >> senator rubio weighing in on the fiscal cliff debate and the idea of raising tax rates for the wealthy saying we need to make poor people richer, not rich people poorer. soledad. >> that's the kind of thinking that will get you votes, right? >> all right. thanks, zoraida. >> new york city police could be close to charging a suspect in that fatal subway push. they say a man is now being questioned and has implicated himself in this case. a front page "new york post" photo has become the source of a lot of controversy. it shows the victim desperately trying to climb up from the tracks as the train approaches. this morning we're hearing that the photographer has said some things in his own defense. cnn's mary snow has more on this report. >> [ bleep ] alone. take your [ bleep ] over there. >> reporter: why exactly these men were fighting is unclear. but moments after this video obtained by the new york police was record 58-year-old ki-suck han whose face is obscured, was pushed on to the tracks, police say, by the man yelling at him. subway barreling through the station killed han with ho
. >> senator rubio weighing in on the fiscal cliff debate and the idea of raising tax rates for the wealthy saying we need to make poor people richer, not rich people poorer. soledad. >> that's the kind of thinking that will get you votes, right? >> all right. thanks, zoraida. >> new york city police could be close to charging a suspect in that fatal subway push. they say a man is now being questioned and has implicated himself in this case. a front page "new york...
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Sep 26, 2012
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cliff? >> there's always uncertainty. >> i know that, but this is -- >> this isn't more intense now than it was in the middle 1990s. >> yeah, it is. >> the tax rates are going to be very different. >> we have no idea what they will be. >> what do you think, tim? >> i think cash on balance sheets says everything. it speaks volumes about what corporate management thinks about prospects going forward and what they want to do. i think they're a very a-political group in general. they want to make money. they're there to make money for shareholders. >> not to lose money. >> right. if they're not there investing, building their business, they're doing it for a very a-political reason, in my opinion. what happens in washington, specifically in the legislature, will determine how this economy goes. >> what do you want to do then, as an investor? you have to put money to work. you have to get beyond this noise. >> you do. you have to continue to ride the central bank. when you look at volatility mark
cliff? >> there's always uncertainty. >> i know that, but this is -- >> this isn't more intense now than it was in the middle 1990s. >> yeah, it is. >> the tax rates are going to be very different. >> we have no idea what they will be. >> what do you think, tim? >> i think cash on balance sheets says everything. it speaks volumes about what corporate management thinks about prospects going forward and what they want to do. i think they're a very...
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Dec 7, 2012
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>> as far as the fiscal cliff? >> no, we have time for mortgages. >> i think we have time. the fed has stated they want to hold short-term interest rates through 2014. we know they don't technically control long-term interest rates unless they are buying mortgages which they have done over the last couple years. so, you know, it appears by all measures that you have some time, but you never know because these things can change very rapidly. rates tend to go up higher a lot quicker than they come down. >> you've seen the commercial allied financial where they say the greatest economists in the world and a nobel laureate and do you know where interest rates are going in a year, and he says no. we should know what cd rates are going. >> i think they've done the best they can -- >> what is the maximum amount cd rates could fluctuate in the next 12 months? >> could fluctuate? >> a quarter pobet? >> a quarter point. >> where are they? >> 0.3. >> long term? i saw the ad, i saw a full-page ad in the detroit paper recently that a bank was bragging about their incredible interest rat
>> as far as the fiscal cliff? >> no, we have time for mortgages. >> i think we have time. the fed has stated they want to hold short-term interest rates through 2014. we know they don't technically control long-term interest rates unless they are buying mortgages which they have done over the last couple years. so, you know, it appears by all measures that you have some time, but you never know because these things can change very rapidly. rates tend to go up higher a lot...
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Dec 6, 2012
12/12
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cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big news between these two. dana, we're also hearing hints of some move between republicans, coburn, olympia snowe. what are you hearing? how significant is it? >> reporter: it's significant for a couple reasons. you're right. three republicans in different ways suggested they would be okay with what most republicans are saying, that they're not okay with, which is raising tax rates for the wealthiest. tom is
cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're...
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Nov 11, 2012
11/12
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>> fair is not an option for the country when it comes to the fiscal cliff. say yes to simpson-bowles, mr. president. i'm willing to say yes to simpson-bowles. we need more revenue in washington. we need more private sector jobs. we don't need to raise tax rates. we need to limit loopholes for the wealthy. mr. simpson, if you say yes to simpson-bowles when it comes to revenue, so will i and so will most republicans. we can get revenue without destroying jobs and both need to. no republican will vote for increased tax rates. we will insist our democratic friends reform entitlements something we've never done ask that's where the big money is at. say yes to simpson-expwoalz we'll get this behind us. >> schieffer: senator, thank you so much. and now we're going to get the other side of this picture. and joining us now, one of the architects of the president's victory, his senior campaign adviser, david axelrod, who is out in chicago. mr. axelrod, thank you so much for joining us. let me just start, on friday, the president said he was open to compromise, but he
>> fair is not an option for the country when it comes to the fiscal cliff. say yes to simpson-bowles, mr. president. i'm willing to say yes to simpson-bowles. we need more revenue in washington. we need more private sector jobs. we don't need to raise tax rates. we need to limit loopholes for the wealthy. mr. simpson, if you say yes to simpson-bowles when it comes to revenue, so will i and so will most republicans. we can get revenue without destroying jobs and both need to. no...
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Sep 28, 2012
09/12
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FBC
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so says fitch ratings in a new report. our next guest believes the fiscal cliff will hurt the u.s. economy the rest of the year. jeremy lawson is senior economist. i am sorry to be naive but can i just hope that because of the consequences of the fiscal cliff are so bad, they are just going to fix it? >> they may fix it by the end of the year. in the next few months, exactly what will happen. no confidence about tax rates next year and how regulatory policy is going to look next year. this involved increasing capital spending. it is what we see pulling back on the capital expenditure plan and the economy starting to suffer. dennis: fitch in the report to they argue the cliff goes over the cliff, gdp growth in 2013 gets cut in half. does that mean government spending is going to be responsible for half of our gdp growth? >> if you think of the size of the fiscal cliff the timing of fiscal policy next year would be 4% of gdp. if everything is legislated to occur actually occurs. if you apply a relatively small multiplier to that, it would reduce growth by 2%. at the moment, probably
so says fitch ratings in a new report. our next guest believes the fiscal cliff will hurt the u.s. economy the rest of the year. jeremy lawson is senior economist. i am sorry to be naive but can i just hope that because of the consequences of the fiscal cliff are so bad, they are just going to fix it? >> they may fix it by the end of the year. in the next few months, exactly what will happen. no confidence about tax rates next year and how regulatory policy is going to look next year....
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Sep 17, 2012
09/12
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that may not be the one area you don't want to be a part of because if we jump off that fiscal cliff you're looking aat dividend tax rate going up. that could hurt those. moving forward, consumer discretionary should do wonderful next year. build up the war chest while you can in the fourth quarter because next year should be lights out. a great year for the bulls. >> thanks, everybody. see you soon. we have a market down 47 points on dow. let's get to jackie from market flash. >> hey, watching shares of vivas getting a nice pop as it announces public availability of obesity drug. we were looking at fourth quarter launch of this drug. our physician prescribe the drug? looking at a pop of more than 3%. 22.7. we'll watch vivus. >>> heading toward the close, anything can happen. down 48 points. that's nothing, though. this market can turn on a dime. will it be 14 down mondays in the last 15 or not? we'll find out. >> 14,164, the all-time high on the dow industrials. don't touch that dial. a lot more headed your way on this special edition of "closing bell." >>> coming up -- not so fast.
that may not be the one area you don't want to be a part of because if we jump off that fiscal cliff you're looking aat dividend tax rate going up. that could hurt those. moving forward, consumer discretionary should do wonderful next year. build up the war chest while you can in the fourth quarter because next year should be lights out. a great year for the bulls. >> thanks, everybody. see you soon. we have a market down 47 points on dow. let's get to jackie from market flash. >>...
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Nov 16, 2012
11/12
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fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> collection this out. mike tyson touring australia this week at a media event. famous tough man seemed a little bit scared. a zookeeper went to give him a koala bear, and iron mike didn't seem to want to have any part of it whatsoever. i'm not surprised why he's -- they have sharp claws and sharp teeth. >> mike tyson in the "hangover," didn't he have white tig
fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not...
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Nov 21, 2012
11/12
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CNBC
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>> i thought i had to deal with the fiscal cliff, but undressing. >> you will. it's got like a stripy thing going on. >>> let's get an outlook on the markets. right now we have daniel from tjm institute. we've been watching what happens with the futures every day. a lot of concerns about the fiscal cliff, is that the biggest issue driving things right now? >> the fiscal cliff is the driving issue right now. a little fear from europe. the market came off. that is in the background. as long as we're seeing things move forward, but not negative on the fiscal cliff, i think you'll see the market bounce against this 87 and 90 level. any hint of a compromise, yo ur goi you're going to break the 1,400 level. >> okay. 20 to 22 area. every time these talks come in, though, we know it's going to be a lot of turbulence between now and let's say the middle of december or some time, that'd be the earliest. are you following every single trade? are you thinking eventually there'll be a deal that gets done? >> i think eventually there will be a deal that gets done. and i kind
>> i thought i had to deal with the fiscal cliff, but undressing. >> you will. it's got like a stripy thing going on. >>> let's get an outlook on the markets. right now we have daniel from tjm institute. we've been watching what happens with the futures every day. a lot of concerns about the fiscal cliff, is that the biggest issue driving things right now? >> the fiscal cliff is the driving issue right now. a little fear from europe. the market came off. that is in...
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Dec 22, 2012
12/12
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. >>> now, there are just ten days left to salvage a deal on the fiscal cliff where you, i, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly
. >>> now, there are just ten days left to salvage a deal on the fiscal cliff where you, i, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees...